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benefits. we have asked experts to join us for a fiscal cliff roundtable discussion, if you will. ron brownstein is a senior -- cnn senior political analyst and editorial director of the national journal and stephen moore, senior economics writer at the "wall street journal" and is in washington, d.c. first up, ron, will, do you think, these politicians reach a deal or not and why or why not? >> the fiscal cliff was yeelted as a doomsday machine to try to give them more will power to do what they can't do on their own, to reach a deal. the reason all of this was here, incentive to reach a deal, some of your guests pointed out during the day, a lot can go wrong when you leave is it to this late, a little little surprising to me republicans don't feel urgency, talk about this in a minute, maybe, the wolf on the other side of the cliff, difficult for both sides, the country is worse for the republicans than the democrats. it's possible they make a deal, possible they go over, no more precision than that. >> are we thelma and luiz, rocketing towards that canyon? >> took the words out of m
to get the party started in times square. and that is where we find nbc's ron mott, along with hundreds of thousands of his closest friends tonight. ron, good evening. >> reporter: hey there, kate, good evening to you. times square, of course, is electric every day of the week. but on december 31st, it is absolutely super charged. an estimated 1 million people are expected to jam into the streets here, ready to toast a new year. another year, another ball, another chance to dance to a different tune. as crowds clog the heart of manhattan for its annual raucous party, goodbye '12, hello '13. >> going to be a year of a adventure so starting it off right. >> new year, want to have new goals. >> reporter: celebrations have been going on around the globe. from new zealand and australia to tokyo and beijing. ♪ >> reporter: across america, 12:00 will arrive to crowds hungry for a fresh start. there's a moon pie over mobile. they squeeze an orange in miami. it's peachy in atlanta. back here in new york, bulbs are in, the crystal sparkles, especially one honoring the late dick clark, the first
, they don't like a speaker who was bolted from party dogma. ron, what does this mean, for speaker boehner, it never looks good to lose support of our troops, not to say he is in deep trouble but he is in trouble? >> he is in trouble. his speakership is on the ropes this shows that conservatives and conservatives in house are not willing to put up with someone who will go out to public and advocate for tax hikes, the solutions he has been offering will kill jobs for young people, and leave us a lot of debt in future, make it to where people my age have to live their prime year paying half their income in taxes, we cannot have that any longer, conservatives stood up, and everyone called us crazy saying there is no way this is not going ta pass, guess what he did not have the votes, a tax hike is not going to pass, we have principles and we're fighting for them. neil: even just millionaires ? >> a tax hike, any job creator, why would we take money away from people who will employee biogenration, youth. is still off of the charts, we're under employed i have friends who are looking for job, h
to capture that dividend? cnbc contributor ron says it's tough to pull off. ron s this a smart strategy for investors to pursue? what's your take? >> i expect large i traders can do these things more efficiently than individuals. back in the 1980s japanese investors got special treatment for dividend payments. it was well better than what they got for capital gains. they used to engage in strategy called dividend rolling or dividend capture strategies where they would buy the stock one day before it went ex dividend, captured it, sold the stock later. i would suggest that unless you really want to own the stock, particularly some like dish, i wouldn't try to play around with this stuff because don't forget, the stock goes down by the amount of dividend paid out on a particular day. can you get trapped in some of these strategies by being too cute. >> i hate to go against fundamentals. you're cautious about buying those stocks for special dividends. what are the risks? >> have you to remember, the reason you have a special dividend is because there might have been better than expected ea
in and say, ron, why did you buy so much of that stock in the final ten minutes? he would report, because i like it. i already own it. you see how much i like it because i own it. that was the primary defense. you haven't seen a great many big prosecutions in this area. interestingly enough, one of the areas that they did, oh, about 25 years ago, prosecute some folks on was running a options portfolio. they marked the stock up to make the options more attractive so they got a bigger bonus from their firm. >> they closed the stock on the strike too, right, art? >> absolutely. >> the options owners wouldn't make any money. >> that's right. >> are you expecting, ron, that we're going to see various sort of techniques at year end to make the portfolios look better? >> i think now that this has become so public with "the wall street journal" article, it focuses on the movement of very thinly traded stocks. one thing to watch out for is they don't invest in this microcap world that is so easily pushed around. they were talking about one stock in the article that had a market value of $36 million.
's ron mott is in the thick of it with the latest. >> reporter: all those protesters are starting to make their way away from the stateho measures passed the house. i just came back with an interview with the governor who expects to sign these two measures tomorrow, though it could happen later tonight. no signing ceremony because of the contention surrounding the issue. one of the things that a lot of workers on the ground talked about says it's an issue of fairness. it's unfair for non-union members to benefit from generations of hard work, all the advancements for organized labor and blue collar workers through the generations. the governor says they believe this makes michigan more competitive not just to attract businesses here but around the world to attract international companies to michigan and puts them back on a level playing field with other states that have passed similar legislation. if the governor signs this, as expected. michigan will become the 24th right to work state, joining a lot of other gop republican-controlled legislature. a partisan issue, republicans versus dem
.c. penney side, i do think j.c. penney has an interesting turnaround story here. the stores of ron johnson have been able to revamp and institute his new model of a collection of boutiques. those stores have seen the revenues double. only 10% of the stores have been revamped, but if they can continue to maintain cash flow long enough. >> i don't like what ron johnson is doing. since this guy's taken over this stock has done nothing but go down. it was about the product, not the concept. anyone could have sold ipads and ipad minis and iphones over the year, the complete opposite and failure at jv penny the want to avoid those shares. >> rich, of course, the stock has done poorly, but it's done much better since the ipo of groupon of the you've been much better served actually being in j.c. penney than being in groupon. i would also say this. i think there is a cushion you have in j.c. penney than not groupon and that's the real estate. arguably the real estate of jc penny is worth more than the market cap of the company. with the underlying protection i think you have a bit of a free call o
, if he gets it through congress, he gains a little bit more leverage to have a bigger discussion. >> ron insana, isn't it interesting that this market is expecting a deal so much? >> yeah. >> even when we had both sides digging in. at the end of the day, money moves into equities as if investors are saying there's no way these guys won't do a deal by december 31? >> maria, so much different than what we saw last year in 2011 when the debt ceiling debacle took place. the market appears to be looking through this and seeing through all the posturing and making the bet that the deal, as you say, will get done. i like to go with the cumulative which is do. markets, the message of the markets, however you want to characterize it and think that somebody knows something a little bit better than i do on this one and, hence, they are discounting a positive rather than a negative outcome. >> yeah, for sure. bill stone, how are you allocating money in the face of all of this? >> i think you have to think about how it plays out in the end which we believe you get a deal. don't run away from in terms
. the unfinished business between gaza and israel. the possibility in the next year or so, ron is going to tell us that they are nuclear now. the next secretary of state eds to be one who is very much well educated on what has happened. otherwise you'll end up with much bigger benghazi problems. lou: you mentioned the constitutional referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim rotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi ll win the referendum, try tooi
. then at 8:00 a.m. eastern, senator ron johnson and bob corker. president obama issued a warning on "meet the press." >> on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up. >> but after it was all said and done, leaders on the senate floor couldn't get anything done, at least not yet. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know, i'm willing to get this done, but i need a dance partner. >> this morning, we've been trying to come up with some counteroffice to my friend's proposal. we haven't been able to do that. i've had a number of conversations with the presid
. >> yeah. >> let's get reaction from our guests, tyler verne oven builtmore capital and our friend ron insana and rick sell who got a shutout during the news conference identified as steve liesman's nemesis and steve who was the first questioner there during the chairman's news conference will be joining us shortly here as well. tyler vernon, what do you make of the fed's new view of monetary policy? they are targeting fed funds to go up when the unemployment rate goes to 6.5%? what do you make of that? >> well, i think what i make of that is that it's probably going to be around a lot longer than we think. before they talked about 2015, they continue to see an economy weakens, so i think it gives them flexibility to get the rates out a little longer. >> is that good or bad? >> you know, i think short term it's probably a good thing? long term i think it creates a lot of issues, and he even said, and i quote, asset purchases are less well understood, and he doesn't really understand the costs long term of these types of things. the market is down, look at where the market was now versu
for the spending habits of those with a higher tax bill. joining me now a ron weiner. once again our own robert frank also joining the conversation. great to see you guys. thank you so much for joining us. you say it won't impact spending habits. if the rich see their rates go higher, you don't think it will impact what they spend their money on. >> i don't think it will impact their lifestyle at all. in fact, the only time my wealthy clients high net worth clients when their spending habits are affected are when their portfolios are down during any given week. i don't think it'll effect their spending habits whatsoever. >> i agree with you. we're focused so much on the ordinary income tax rates. but aren't the investment taxes much more impactful. the tax on cap gains. >> i agree. they are worrisome. that's why many clients are on the sidelines and don't want to do anything. they wanted to buy into a year end rally but they're hesitant. when you don't know the playing rules especially when there's so much disorganization in washington, there's no reason for the client to get involved. but when
by the way helped bring public while i was at goldman, and, i say buy ppg. let's go to ron in new jersey. ron? >> caller: boo-yah, buddy. >> liking that. what's up? >> caller: where do you see this new -- >> oh, i like it, mondelez, my charitable trust owns it. stephanie link was telling me this morning because we go over the portfolio, this is the one, this is the one, not general mills, not heinz, no mccormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it'
the ten-year or 30-year i think you're fine. that's all we have to look at, a competitive situation. ron in texas. ron? >> caller: yes, sir. >> what's up? >> caller: so, how do you know when to get out of a stock? let's say you're doing well, it's got a dividend, but you're way up. how do you know? >> how do you know to get out? look, one of the things that we like to do, have to stay in touch with the fundamentals. we don't do buy and hold here. we do buy and homework. if you suddenly see a decline in cash flow, suddenly see a company has a change -- like if a cfo leaves, that matters, but in general we don't like to be greedy because bulls make money and bears make money and hogs get slaughtered. if you can take out enough money to be able to play with the house's money, that's when you're golden. your portfolio should be able to dividend, not to buy, but dividend and conquer. make sure you have at least one high-yielder. that helps when it comes to diversification. after the break we'll try to make you even more money. >>> keep up with cramer all day long. follow @jimcramer on twitter
in syria. the unfinished business between gaza and israel. the possibility in the next year or so, ron is going to tell us that they are nuclear now. the next secretary of state needs to be one who is very much well educated on what has happened. otherwise you'll end up with much bigger benghazi problems. lou: you mentioned the constitutional referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one is saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim brotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi will w
: a discussion of desire and defeat still lingering. ron mott, nbc news, boston. >>> markets will be open for a half day today and closed tomorrow for christmas, but a traditionally quiet week could become hellish for traders. as fiscal talks drag into the 11th hour with $600 billion in tax heights and spending cuts due to kick in early next year. lawmakers will get back to the table later this week after house speaker john boehner's plan b fails to gain enough republican support for a vote. >>> still, the market has been resilient. despite friday's decline the s&p posted its best week in four and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 has jumped and the nasdaq has jumped 16%. >>> reports are due on pending new sale homes in the nation's 20 largest cities. >>> so are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shopper's list on black friday. a year ago shoes didn't make it into the top ten gifts for the season. >>> good news for hollywood. attendance b
back in 30 minutes we're going to sit down with wisconsin senator ron johnson and talk for the next hour, grover norquist, old buddy from college joins us. will his tax pledge hinder a deal on the fiscal cliff? he rises above? where is that rising above? >> that's true. there are some people who say you got to stick with your convictions, others -- >> stick around. let's bring joe and andrew back into this. guys you've been listening to the conversations this morning. your take away? are we closer, further away? you hearing things you like? >> further away. >> further away. i've decided, becky and jim, that probably the best way to do it, i'm in howard dean's camp, why wouldn't the president go over the cliff and then introduce legislation lowering the rates on 98%? and if the republicans don't vote for that he gets the tax cutting mantel and i don't see how they would vote against that? >> so cynical. >> but so true. >> why is that cynical? >> you know, because -- because i think it's crazy that that's the way things get done in washington, and we will explain that to the public. t
cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a little bit of an understatement. democrats say they want a co
a reality rally. the reality is ron johnson we all know came in. he was a rock star at avalanche he is going to turn this whole thing upside down and reinvent the department store. forget sales and promotions, that is not how you do it. he has never been in a j.cc penney and it is a lot harder than selling apple products. stock has had a huge roll up, it went and got hammered and has been coming back and the law firm there saying they got their act together, jpmorgan, they're bringing back this discount, they're bringing back promotions, they have a friend and family thing. this is what i like. i am a volume die. the volume has been phenomenal. i believe 95% of all news in the market somebody knew the day before it came out or the week before it came out despite the rules. something is going on. there's a 43% short position on the stock. if there is good news, there could be asia huge pop to the upside. unlike tim clark, ron johnson is considered a celebrity ceo and might get the benefit of the doubt. it is i ridge the idea but could be a huge short m bit. cheryl: his pain would be over. for
, it's not there. >> i know this name isn't on your list, rocco, but i wanted to bring jcpenney up. ron johnson you could have argued would have been the ceo to turn the company around. but we've not seen the results. would you consider putting him on this list as well is this. >> i wrote an article earlier in november that criticized ron johnson and his performance. i think what happened there is ron johnson was fantastic at apple. but he worked at apple with steve jobs. ron johnson probably read a few too many of his press clippings. if you watch the investor day he did a few months back when he first came to jcpenney, people thought he was crazy when he went to target and went to apple. and then he talks about how he went to steve jobs' house, saying, steve, i'm leaving for jcpenney. and he said, are you crazy? and he's saying, target was great, i went to apple was great and now we're in the same position with jcpenney and i'm going to work the same magic there. no, you can run shotgun with steve jobs all day long. steve jobs was the retail architect. >> we should note, andrew mason
, ron mott, thanks very much for the latest there. >>> a lot more ahead in the special "mission critical, right above d.c." we're back with former federal reserve chairman alan greenspan who will sit down with me for an interview only on this network. he's partly to blame for the looming fiscal cliff crisis and the white house's plan for another economic stimulus and why is roger at man optimistic that republicans and democrats can come together and reach a deal in avoiding going over the fiscal cliff. >> reporter: and why are billionaire investors warren buffett and george soros calling on congress to raise the wealth tax. we'll have that story. stay with us. even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >> time is running out. >> right now the american people have to be scratching their heads when is the president going to get serious? >> washington remains at odds. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a
. the. ron: line travel site declared a special cash dividend of 52 cents per share. "washington post" will pay $9.80 a share to stockholders, speeding up all quarterly dividends that would have been paid next year. >>> goodyear is driving its way to a new stock exchange. it will move from the new york stock exchange to nasdaq later this month and trade under the current ticker, gt. >> aig preliminary estimate after tax losses related to superstorm sandy will total roughly $1.3 billion. that's the latest from the fox business network, giving you the power to prosper lauren: welcome back. time for a quick speed read of some of the day's other headlines, five stories one minute. first up the e.u. strongest member showing weakness. germany's central bank cutting its growth forecast saying german gdp will likely only expand 4% next year down from the previous estimate of 1.6%. >>> california attorney general suing delta air lines distributing the fly mobile app without a privacy policy. first in the state legal action under the online privacy law. >>> india is hoping to open big box retai
%, and this is why because slowly, but surely, ron johnson have been moving and doing price events, and this is what they've deny doing over the holiday season. they are now trying to promote better pricing and promotions, and op co had an out performance, they liked it, and it's bringing foot traffic in, and, also, there's stores within the store, one of their ideas they've put into place. it's so far, so good. they have outperformed, and long term call on the company's turn around prospects, but they are keeping it, and the stock is up 7% for the month of december alone. back to you, liz. liz: a friend of mine said she was switching from tj maxx to jcpenney has the new store. >> really? liz: you never hear that, but maybe mr. johnson's ideas are starting to work. from bond to hollywood, imax hotter than ever with more shot in imax format and tweaked to fit the screen. imax the next big market and opening theaters quickly enough? rich, imax ceo joining us now on the phone in a fox business exclusive with the latest on imax's next big hits. rich, i just look at all of these ideas, and i see them com
that ron johnson came on board and tried to do ways of apple and products at low prices, what we are trying to realize is like promotions and getting back and doing that. dave: do they think will go into the 400s? nicole: we ridge talking about analysts, bringing numbers down, but most of the people i've talked to think it is to the upside. liz: event allen has a different story. they're selling u.s. products to china but it took a hit today. they got a downgrade. markets spooked about this.
, sales dwindle, less traffic, ron johnson figuring out a way to get this one to be a win ere. the stocks today here is up 7%. why is that? well, nina garcia, call it the nina garcia bongs. basically, nina garcia, a fashionista, involved with elm is a judge on "project runway" posted links from -- on her website to jcpenney, and the concept how they will have stores within the store so this is all their new way to get people to come in, and they are actually doing a few promotional items as well. they wanted to get out of that and phase out so it's a winner. 7% today. that's good. liz: just nearly cut losses in half, markets coming back it looks like, down 61 points after being down more than 90. this is moving on the rioters wire, and republican speaker of the house, john boehner meeting with president obama at the white house today. okay? at 3:30 eastern, not a lot of hours left and daylight here, but getting together according to a white house official. we'll see if the markets make a better comeback at the moment. well off lows, same with the s&p and nasdaq, a tough day for most of th
not with radioshack, some point out other. jc penney, you know so well, covered it on cnbc, ron johnson and great magical vision for this company. so far, it has failed. again, it is make or break for mr. johnson. >> even with some optimistic analysts there who see signs of success this that have nothing to do with the original plan. >> a chart in our story, carl that shows the dropoff of jc penney stock -- i'm sorry, jc penney sales. they have lost 30 to 40% of their entire sales. that is very hard to do. >> take a look at some of the japanese exporters, talking about that in the cop text of going short the end, going long japanese stocks. an area to watch. overnight, expecting out of japan cpi data, expected to further the case for bank of japan to embark on more stimulus, bad news equals good news for japan what traders are bracing for overnight i at least on the japan trade. in terms of retailers, sears holdings is up a percent in today's session, the other three are doing pretty poorly. pretty poorly in today's session. it does look like we are extending our three-day losing streak we saw ac
there's any question about that. we know there's an element of the republican party, ron paul, rand paul being the most visible, who think the less government does, the better. now, in that vain, i've been struck. david wasserman at the "cook political report" crunched the numbers on this, that there are 234 house republicans. 15 of them, 15 represent districts that president obama carried in 2012. given that, and we were talking with kelly about the fact that this has to come through the house at some point, that republicans still control. is there any reason for, politically speaking -- >> absolutely, right. >> -- not good of the country speaking, but politically speaking, is there any reason for these guys to make a deal given that for 215 of them, the constituency they represent are mitt romney's? >> i think this is the problem. where most people follow a presidential election and don't realize what happens in each of the districts. what republicans have done a very good job of in the past ten years or past two driklecycles governor's races, where they've won all the governor's races
number one. ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a turnaround, i think you must give the ceo a chance. in this case, he came out and he said from the start, it's going to take two or three years or a number of years. >> he's only been there 13 months. herb, i know you're a tough trader. he seems like such a nice man. >> he seems like a really nice man. he's engaging. nice and execution are two separate things. he is really trying to recreate a major retailer. no one has really done it quite like that. will he be able to do it? he could end up as a best ceo down the road. >> nothing would please you more. >> nothing would, i really respect great
on friends and family discount over the weekend. has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like lipstick on a pig. in any e-mail this morning, they today farm this house to something bigger than my friends and family. >> he was brought into a no coupon strategy. get rid of them if it doesn't work. >> let's move on to "the new york times," regarding that bloomberg ear company might make a bid for the financial times. or digital property like linkedin. the mayor will move on the political stage in a couple of years. maybe wen't to run something really big. not that he's not now. >>ty, i can actually say this is not out of the realm of possibility. this is somethi
defense. now since then he has switched attorneys. joining to us talk about this is lucia mcbeth and ron davis, jordan davis' parents and their attorney as well john phillips. it has been a horrific three weeks for you. i cannot imagine how awful it has been, if you can, ms. mcbeth, tell me how you found out that jordan had been killed. what happened? >> a phone call from his father, my husband and i were in chicago for thanksgiving and i happened to come up to the bedroom and i saw ron's name pop up, and i knew the moment i saw his name, that late at night, i knew it had to do with jordan. >> did you know it had to be bad? >> i knew in my spirit it was not good. i knew that it could not be good that late at night for him to be calling. >> when did you, mr. davis, learn the details of what had happened in the parking lot? because the shooting was horrific, but the details around the shooting awful as well. >> yes. its first call i got was from the best friend of my son, and he had phoned his mother while in the car and his mother called me and i rushed to the hospital to see about my son
. and ron barber will be bringing his own experience. the tragedy in newtown, truck the hearts of americans. there's complications. it's hard but we can get the job done with calibrated legislation in a way that really is effective. we mourn the loss of precious children, reading about their love of sports, animals, music. and we mourn the teacher, the counselor, the principal of the school. we owe them again to do everything in our power to take sensible action to prevent gun violence to ensure the safety of the schools and our neighborhoods and to build a future of safety for all americans. with that now i'm very pleased to yield to carolyn mccarthy, an inspiration -- >> you've been listening live to house minority leader, nancy pelosi, bay area democrat, speaking in congress with several other house democrats talking about the mass shooting in connecticut. shy quoted president obama saying these -- she quoted president obama saying he's tragedies must end and to end them, we must change. they are channeling their energy around this horrible strategy. so again, we're continuing to follow
of an upcoming movie. >> martha shade has details in hollywood minute. >> gear up for the return of ron burgundy. paramount pictures have set the anchormen sequel release date for 2013. will farrell returns as the anchor man alongside steve carrel. >> been african christian stores are starring in a comedy. the leading man has dropped out he has a bit too much on his plate speeto fit the film is scheduled. >> he has three films in the works. warner brothers is on the hunt for a replacement. >> a beautiful baby boy for actor claire danes. they will on their son on december 17th. >> his name is cyrus michael christopher dance tsancie. >> for hollywood minute i'm martha shade. >> still ahead on the kron 4 morning news a moment of silent will be held for the victims of the connecticut school shooting. it is the busiest travel day of the world as at all with winter weather across the midwest we could see thousands of canceled flights again today. >> wind advisories in effect for some parts of the bay area this morning. we will have more on your rain and hey, look! a shooting star! make a wish! i wish
ad spending is divvied up every year and are much ron has challenge that. nielsen will pay its arch-rival $1.2 billion, up 26% premium over were closed in trading yesterday. shares are up 25% today reflecting nielsen's nice offer. the company's figure can be as nielsen's per share earnings by 10% extra in 2 years and nielsen trading up 4% on the same news but so ends a long-running rivalry in the ratings business where nielsen has been the dominant giant forever in the 70s and 80s, fierce rivals, arethatron reed treated in to radio only. nielsen vastly bigger firm has revenue of 10 times the size, nielsen net income has five times as large, the two firms will clear $6 billion in annual sales and that combination may hit $350 million in net income. in the past two years nielsen stock price up almost 20%. the deal added radio ratings to the service for local national tv, internet streaming, cellphones and even a new twitter rating service nielsen announced yesterday. the question, with nielsen buying up one of its last big competitors, will the second gasser's at the justice departmen
say it, ron, housing has finally turned the corner. that is it. it is off to the races. >> connell, i could not agree more. i would say that housing is back. it has been in the penalty box as it relates to the economy. i think that this past year, we have moved from a drag to being a very small contributor. i think next year, it will start to assume the role that it has played four years. that is as a country emerges out of a slowdown, housing is a major contributor in bringing it back and bringing growth into the economy. connell: if someone has been watching and waiting and they do not want to get out and buy a new house, they could have been thinking home prices will come down even more and, now, maybe not, by looking at these numbers. what would you say to someone who has been waiting and not willing to jump in yet? >> there have been plenty of people waiting. i think reality is, you can only wait so long. i think we have a number of the key metrics in place that would suggest now is the right time. we have inventory at a ten-year low. we are down to about 2 million existing home
struggling. jcpenney would be one of them. down nearly 5% on the day. they have been a big loser. you had ron johnson come over from apple. the "wall street journal" talked about a few retailers. four of them, to be exact. including best buy. that would be another one. radioshack. and also sears. these are the four names we have been watching very closely. a lot of these names are significantly lower. do or die in 2013 for those names. liz: thank you so much. president obama landing in washington just moments ago. cutting his vacation in hawaii sure to tackle the fiscal cliff. reports calling the possibility of a deal before the new year "virtually impossible." let's bring in former press secretary to al gore and we also have brad blakeman. they are both joining us from washington, d.c. "the house has already passed legislation to avoid the fiscal cliff, but senate democrats have not." what do you make of that feedback they are having what amounts to a staring contest right now. it is legislation that would keep tax cuts for those making under $250,000 a year. the house does not have any plan
-to-work state. governor rick snyder passing a new bill into law. ron motte is in lansing, michigan, with the latest. >> peace and quiet returned to the streets in the capital city. a far different scene than we saw here yesterday. about 10,000 people showed up. there was a lot of emotion on the lawn of the capital yesterday. a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so. it's when the legislature ends its session now scheduled for december 20th. among the folks who lost this particular battle, believe this process should have included a lot more public debate. it was really rushed through the legislature over the past week or so. the hous
conservative. ron johnson is a tea party guy. he wants to give on the president before the end of the year and go ahead, i guess pass a bill that would extend the rates for everyone and that wouldn't pass in the house and say, okay, fine, we'll do it for 98%. put that in the president's court, get that done and is use the debt ceiling for spending. >> exactly. no, that is -- >> but he's not getting anywhere with boehner and cantor? >> it's because boehner so far is not willing to go along with that strategy. the way that it works for boehner is if he ultimately puts it on the floor and tells most of his members that they have a chance to vote against it and make playing their opposition to any tax rate increase. but he hasn't been willing to do that so far. he would get some republicans to join with dm democrats and it would pass the house. but he doesn't want to put something on the floor that would clear the house without at least half of the republican members. spending is a sticking point, but there is an asymmetry in the negotiations. democrats have laid out what they want on taxes, s
just don't. >> senator, so last week, ron johnson and you and others said what we need to do, the house passes 98% and below, allows the top 2% to go up to 39.6. just what the president wants. and then we start talk pg about spending and entitlement cuts in light of the debt ceiling coming in in february? is that what you're talking about now? so we're going to -- >> we're going to have to see whether the rank and file that boehner tries to get, if they don't go along -- you're saying they should mutiny and not do this deal he wants to do now and do this other one that puts the onus back on the president next year to come to the table for entitlement cuts. is that what you're saying? >> i don't even think speaker boehner unless, again, something's happened early this morning, he's not even going to try to sell this deal because he knows that the offer that they've made is not real yet. in other words, again let me say the cuts are to be determined down the road, with another fiscal cliff, that's being created. so what i would hope, joe, is right now, we would go ahead and implement the
betts. i don't know, but you can take a look at a company like jk penny with ron johnson. even every retailer, except one, who said give this guy more time. but usually the short-termism is a problem. you can see that the advisory firms, they have these ridiculous metrics for one year and three year barometers. it takes two or three years to fully take charge of this. and i think you're right, steve, the metrics are too short. sometimes if they are on a misguided path, we can correct it. vickram pandit, i frankly thought was mercuriel and imperious when he first stepped in there. he grew enormously in office. maria bartiromo had a tremendous interview with him. i thought he was defensive, yet his board understood him. board politics. >> i look forward to seeing you at the yale ceo summit. >> hi, dave. you should have run. joe is right, you should have run. >> we've already made him a czar. >> you end up consulting with a lot of ceos, a lot of corporate boards. from your perspective, what impact is the fiscal cliff having with regard to the situation? we've seen today a number of spec
. bar ron's named its top ten picks for 2013. if you want to know if you should pay any attention to it the magazine's ten stocks for 2012 have outpaced the market by 4 percentage points gaining an average of 17%. now to the picks for 2013. there you go. apple, jpmorgan, royal dutch shell, barnes & noble. blackrock, general dynamics. marathon, novartis, viacom and western digital. might want to flip that so you people can see what i just said. marathon, novartis, royal dutch, viacom and western digital. five on each page. the fiscal cliff dominated the sunday talk shows. senator dick durbin on "meet the press" yesterday saying no deal on the debt without a tax hike on the wealthy. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem. we cannot allow their reckless position to drive this economy into another recession. >> and senator bob corker argues it might be better to agree with what the president wants to do now on taxes, and then fight later on spending. >> if we were to pass, for instance, raising the top two rates an
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